Boothbay Fund Management LLC is selling FinTech Evolution Acquisition Group (NYSE:FTEV) shares.
Boothbay Fund Management LLC is reported to have sold 68.3% of its position in FinTech Evolution Acquisition Group (NYSE:FTEV) during the third quarter, according to the company in its most recent disclosure with the SEC.
The institutional investor was left with 10,000 shares of the company’s stock after selling 21,543 shares throughout the timeframe.
Boothbay Fund Management LLC disclosed to the Securities and Exchange Commission (SEC) that it owned $99,000 in shares of FinTech Evolution Acquisition Group as of its most recent filing.
Shares of NYSE:FTEV opened the trading day on Tuesday at $10.18.
Over the past year and a half, the cost of one share of FinTech Evolution Acquisition Group has ranged from $9.73 to $10, averaging $10.
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Recent transactions have caused adjustments to the proportion of the company’s shares held by hedge funds and other institutional investors.
These investors include pension funds, endowments and foundations.
Bank of America Corp.’s DE
The investment portfolio increased by 53,571.4% in the FinTech Evolution Acquisition Group holdings during the first three months of 2018.
Bank of America Corp. (DE) now owns 751,400 shares, thanks to its latest acquisition of an additional 750,000 shares during the fiscal quarter.
A value of $7,364,000 is attached to these shares.
During the first three months of the year, Basso Capital Management LP experienced a 2,042.0% increase in the value of its holdings in FinTech Evolution Acquisition Group.
The 91,785 shares of a company’s stock owned by Basso Capital Management LP have a market value of $899,000.
This is a direct result of the additional 87,500 shares purchased during the quarter prior to the current one. Karpus Management INC boosted its stake in FinTech Evolution Acquisition Group by 90.2% during the second quarter. Karpus Management INC now owns 95,269 shares of the company’s stock valued at $934,000 after acquiring an additional 45,169 shares during the last fiscal quarter.
Bank of Montreal invested $209,000 in FinTech Evolution Acquisition Group in the first three months of this year.
Last but not least, during the first three months of the year, the Royal Bank of Canada put a total of 137,000 Canadian dollars into an investment company known as FinTech Evolution Acquisition Group.
Institutional investors and hedge funds have a total stake in the company that corresponds to 65.81% of the total number of outstanding shares.
FinTech Evolution Acquisition Group does not employ many employees.
The company’s primary objective is to participate in some form of corporate association with one or more other businesses, such as a merger, share exchange, acquisition of assets, share purchase, reorganization or other similar corporate association.
This can be a merger, share exchange, acquisition of assets, purchase or reorganization.
It intends to concentrate on businesses that provide the financial services industry with financial technology, technology-enabled services and more general technology software, services or products.
Are you interested in learning more about the other hedge funds that currently hold FTEV in their portfolios? If you go to HoldingsChannel.com, you can check the latest 13F filings and insider transactions for FinTech Evolution Acquisition Group.
